Round 2 of discovered small field auction to be launched soon

Thursday, March 16, 2017, 8:26 AM

To further augment the country’s oil and gas production capacity, the second round of the discovered small field (DSF) auction and a policy to incentivise enhanced oil recovery (EOR) will be launched soon, petroleum minister Dharmendra Pradhan said on Wednesday. Government will also push fledgling fields into production enhancement contracts. Pradhan said 30% of the incremental energy demand is going to come from India.